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6

REPORT OF THE PRESIDENT

dent of the University and President of the old A. and M. College,
and Edwin Anderson Alderman, Professor in the old State Normal
College and President of the University, brilliant, valorous, and elo-
quent interpreters of the democratic faith whether at work in West
Greensboro or Chapel Hill or West Raleigh. We know now that they
made bricks without straw and are part of the common heritage in
the intellectual and spiritual consolidation of the University of North
Carolina.

SUMMARY FIGURES AND SIGNIFICANCE

The present three-fold structure of the University is outlined in
the figures which are summarized in a folder placed in your hands
for further study. The capital investment in the three plants totals
$21,797,272. The current maintenance and operation costs of the
three plants amount to $2,678,440. The total living alumni of the
three institutions number 42,164, and the students in residence this
fall number 5,142. The state appropriations to the institutions have
dropped from the maximum figures of $894,000 for the University
at Chapel Hill to $426,000, from $451,036 for State College to
$205,250, and from $465,000 for the Woman's College to $200,420
for the current year. The total appropriation has dropped from a
maximum of $1,810,036 to the present total of $831,670. The cut in
appropriations is fifty-four per cent since 1929.

We cannot too frequently emphasize the meaning of these figures.
They are not cold figures on a page. They are warm with the struggles
of a state, its people, and their institutions to carry on; courageous
with the sacrifice of parents and the pluck of students. These figures
are vivid with the high will of teachers to teach their best against
the heavy odds of worry about unpaid grocery bills, lapsed insurance
policies, arrears on house payments, misgivings about their provision
for their children. Scholars and teachers of incalculable value to the
state and of national and international distinction have resisted many
calls. They are here holding the line for North Carolina.

THE RESPONSIBILITY OF TRUSTEESHIP

It is especially the responsibility of the trustees to restore for
them the facilities and opportunities, the unworried freedom of mind
and spirit to do their best work in North Carolina and the South
which deeply need the best that our schools, colleges, and universities